Car insurance in Georgia is expensive because the state has some of the most accident-prone highways in the country. Georgia also gave insurance companies the right to raise premiums without the approval of the state insurance commissioner, which has caused rate hikes. You can expect to pay approximately $1,660 per year for full coverage car insurance in Georgia or $690 per year for minimum coverage. Car insurance in Georgia is more expensive than the national average, which is around $1,500 annually for full coverage and about $600 per year for minimum coverage.
The cost of car insurance is steadily increasing, both in Georgia and nationwide. As the cost of providing insurance goes up, the premiums insurers charge also rise. All insured drivers share the increasing cost of insurance. That is why your rates tend to go up every time your policy is renewed, regardless of whether any individual factors—like your driving record or location—have changed. There are several unique reasons why car insurance goes up every year in Georgia, too.
Top Reasons Car Insurance Is Expensive in Georgia
- People in Georgia are driving more. As a result, the number of accidents, claims, and payouts is rising, too. In Georgia, there were approximately 1,440 fatal crashes in 2018, versus 1,164 fatal crashes in 2014.
- Georgia auto repairs are getting more expensive. Another reason Georgia auto insurance is getting more expensive is that cars are becoming more expensive to repair. In 2016, the average cost of car repairs in Georgia was $966.00, up from $768.34 in 2012. Vehicles today cost more to repair due to all the technology and features inside them now.
- People in Georgia drive uninsured. As the cost of car insurance continues to rise, more drivers take the risk of driving without car insurance. In 2015, 12% of drivers lacked even minimum liability insurance in Georgia. The cost of uninsured drivers is passed on to consumers through higher premiums.
- Healthcare in Georgia is getting more expensive. Car insurance companies are hit hardest when paying out claims involving medical bills, and it's not getting any cheaper. Healthcare spending increases by an average of 6.2% every year in Georgia.
- Georgia is experiencing more severe weather. In Georgia, severe weather events like tropical storms, flooding, and droughts are becoming increasingly common. These weather events cause insurers to pay out a higher number of claims, which tend to be more expensive and less predictable. As a result, they have to raise rates to keep pace.
Multiple things affect the cost of car insurance. You can't control all of them, but you do have a say in most of the contributing factors. Driving safely, obeying traffic laws, and keeping a clean driving record are the best ways to keep your insurance costs down.
Otherwise, the best way to lower car insurance costs is to compare rates from at least three insurance companies. Ideally, you should check your rates every 6-12 months, when you renew your policy. But at a minimum, be sure to check your record and shop for rates every three to five years, since you may be able to get a lower rate if a traffic violation falls off your record.
In Georgia, the most expensive policies cost roughly $1,795, and the least expensive coverage costs around $740, when all driver profile information and coverage details are the same. That means you could save as much as $1,055 simply by shopping around. Be sure to confirm you're getting all the discounts you're eligible for, too.